Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 687.85

-0.4%

Dec 29 4:00 PM EST

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To: Nancy who wrote (44905)	7/24/2008 11:57:31 PM
From: Johnny Canuck	Read Replies (1) of 69317

It may just be a reactionary bounce before another leg down to at least test the recent low. The low needs to hold though and the move down may be slow and grinding as opposed to this quick re-bound. The summer is not over. Sell in May and go away may have been the most prudent strategy this year. Tom Trader seem to end up exiting in the late spring acording to his model and indicators. The indicators, not the time of year being the key elements of his entry. It would be interesting to see what his model is saying now?

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